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so rar. it does 0 Required information Exercise 6-17A Record transactions using a periodic system (L06-8) The following information applies to the questions displayed below)

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so rar. it does 0 Required information Exercise 6-17A Record transactions using a periodic system (L06-8) The following information applies to the questions displayed below) Littleton Books has the following transactions during May May 2 Purchases books on account fron Readers Wholesale for $3,300, torns 1/10, 1/30. May 3 Pays cash for freight coats of $200 on books purchased from Readers. May 5 Returns books with a cost of $400 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 Bells all books purchased on May 2 (less those returned on May 5) for $4,000 on account. Exercise 6-17A Part 2 2. Record the period-end adjustment to cost of goods sold on May 31, assuming the company has no beginning or ending inves no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Answer is not complete. General Journal Date May 31 Credit 1 Inventory (beginning) Cost of Goods Sold Purchase Returns Purchase Discounts OOOO Debit OX 2,011 3 400 29

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